Danske Bank announced the appointment of Philippe Vollot as chief compliance officer and as a new member of the executive board. Vollot takes up his position no later than Dec. 1, 2018.

Vollot comes to Danske Bank from Deutsche Bank, where he has worked since 2003, most recently as global head of anti-financial crime and group anti-money laundering officer. “With Philippe Vollot as new member of our executive board, we strengthen our competencies within compliance and anti-financial crime, which has been a focus area at Danske Bank in recent years,” Danske Bank CEO Thomas Borgen said in a statement.